KSH International Reports Robust Q1 FY27 Results, Driven by Specialized Wires Growth and Volume Increase

KSH International Reports Robust Q1 FY27 Results, Driven by Specialized Wires Growth and Volume Increase​

KSH International Limited, a leading manufacturer of specialized magnet winding wires, has announced its financial results for the first quarter (Q1) of fiscal year 2027. The company reported significant growth in revenues and profitability, attributing success to strong execution across both specialized and standard wire segments.

The Q1 FY27 performance demonstrated high growth metrics, with Revenue from Operations growing 108% compared to Q1 FY26. Profit After Tax (PAT) stood at INR 422.2 million, marking an 86% increase over the previous quarter and 22% higher than the corresponding period in Q4 FY26.

The operational strength was highlighted by a 30% increase in volume compared to Q1 FY26. The company’s EBITDA improved by 84.6%, while the profitability measure of EBITDA per Ton (EBITDA/Ton) rose significantly at INR 93,325.0, up from INR 65,885.2 in Q1 FY26.

Operational and Strategic Developments​

Rajesh K. Hegde, Managing Director of KSH International, commented that growth in higher value-addition Specialized Wires (CTC) significantly contributed to the company's overall performance, outpacing the healthy growth seen in Standard Wires.

Key operational highlights include:

• Capacity and Expansion: The installed capacity as of June 30, 2026 was 43,445 MTs. The company remains on track to achieve an installed capacity of 59,045 MTs by the end of FY27. Utilization at the company level improved to 73%, up from 70% in Q4 FY26.
• New Capacity and Agreements: KSH International commissioned its upcast backward integration facility during the quarter. Furthermore, the company secured a long-term framework agreement with a large Global transformer OEM to supply their facilities over the next five years.
• Market Focus: The focus on specialized magnet winding wires drove revenue growth in this segment by 113%. Export revenue also saw strong movement, rising 75.5% year-on-year, up from 14% a year ago.
• Future Growth: The company continues to expand its client base, including new transformer OEM customers for specialized wires and domestic OEM customers for standard products. The Board has approved a proposal for the acquisition of approximately 10 acres of industrial land in Supa for future expansion.

On the balance sheet, total debt increased to INR 4,810 million, primarily due to growth-driven working capital loans, yet the debt-to-equity ratio remained at a comfortable 0.57x. The company also improved its working capital cycle, reducing average days from 71 days in Q1 FY26 to 60 days during the quarter, driven by gains in both receivables and payables.

About KSH International Limited​

KSH International Limited is an established manufacturer providing ultraprecision special and standard magnet winding wires to OEMs across various sectors, including power, renewables, railways, motors for EVs and ICE, industrial applications, air conditioning, and refrigeration. The company operates four manufacturing facilities in Maharashtra, with its largest facility located in Supa, which has a total annual capacity of 43,445 MTs.

KSHINTL Stock Price Movement​

KSH International Limited's stock finished the day down, shedding 0.36% and settling at ₹900.6 in post-market trading today. A total of 514,737 shares were exchanged as the equity moved within an intraday range that spanned from a low of ₹892.1 to a high of ₹916.